Maruti Suzuki India has got the approval of its Minority shareholders for the upcoming plant in Gujarat.
Maruti Suzuki India Chairman R C Bhargava said that “Out of the total votes cast by the minority shareholders, 89.75 per cent voted in favour while 10.25 per cent voted against the resolution.”
He said that “The resolution has been passed and passed quite comfortably.”
The Gujarat plant, initially was proposed to be owned by Maruti Suzuki but the plan was changed later as its Japanese parent Suzuki Motor Corporation has announced in January last year that it would be investing $ 488 million to build the plant.
